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In fact, only four currency pairs can be legally traded in India. Those are: Trading including always the INR is aimed at strengthening the currency and avoiding further weakening. If the majority of Indians traded the dollar which is the most traded currency outside of India, the Bank would come to a point to be compelled to buy the USD with INR at cheaper rates.

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That ijdia weaken the already weak national currency, and the Indian government tries to prevent devaluation of the currency. Still, Forex is a highly decentralized market hard to track down, and many European and American brokers established their seats in India and run their businesses normally for their European, American, and other non-Indian clients. Indian traders are allowed, but at their own risk. International Brokers and Restrictions for Residents Internationally established brokers are not illegal, only Indian citizens are not allowed to use online platforms, and are restricted to trading with INR and SEBI registered brokers. If the international brokers fit this profile, Indians can trade freely.

This is also one of the reasons why global brokers profit with regional offices in Sitemqp. India is one of the countries with the biggest gap between the rich and poor, but that does not affect Forex companies. Code viewer free binary. Around and experienced traders using el broker. London session, us peak qqq.

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